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Last $29.06 USD
Change Today -0.62 / -2.09%
Volume 682.8K
As of 12:06 PM 07/6/15 All times are local (Market data is delayed by at least 15 minutes).

popular inc (BPOP) Key Developments

Popular, Inc. Declares Monthly Dividends on Preferred Stock and Trust Preferred Securities, Payable on July 31, 2015 and August 3, 2015, Respectively

Popular, Inc. announced monthly cash dividends on its outstanding shares of Non-cumulative Monthly Income Preferred Stock: a monthly cash dividend of $0.1328125 per share of 6.375% Non-cumulative Monthly Income Preferred Stock, 2003 Series A, payable on July 31, 2015 to holders of record as of July 15, 2015; and a monthly cash dividend of $0.171875 per share of 8.250% Non-cumulative Monthly Income Preferred Stock, Series B, payable on July 31, 2015 to holders of record as of July 15, 2015. The Corporation also announced the following monthly distributions on its outstanding Trust Preferred Securities: a monthly distribution of $0.1395833 per security of 6.700% Cumulative Monthly Income Trust Preferred Securities issued by Popular Capital Trust I, payable on August 3, 2015 to holders of record as of July 15, 2015; and a monthly distribution of $0.127604 per security of 6.125% Cumulative Monthly Income Trust Preferred Securities issued by Popular Capital Trust II, payable on August 3, 2015 to holders of record as of July 15, 2015.

Popular, Inc. Declares Monthly Dividends on Preferred Stock and Trust Preferred Securities, Payable on June 30, 2015 and July 1, 2015 Respectively

Popular, Inc. announced that it has declared the monthly cash dividends on its outstanding shares of Non-cumulative Monthly Income Preferred Stock: a monthly cash dividend of $0.1328125 per share of 6.375% Non-cumulative Monthly Income Preferred Stock, 2003 Series A, payable on June 30, 2015 to holders of record as of June 15, 2015; and a monthly cash dividend of $0.171875 per share of 8.250% Non-cumulative Monthly Income Preferred Stock, Series B, payable on June 30, 2015 to holders of record as of June 15, 2015. The company also announced the monthly distributions on its outstanding Trust Preferred Securities: a monthly distribution of $0.1395833 per security of 6.700% Cumulative Monthly Income Trust Preferred Securities issued by Popular Capital Trust I, payable on July 1, 2015 to holders of record as of June 15, 2015; and a monthly distribution of $0.127604 per security of 6.125% Cumulative Monthly Income Trust Preferred Securities issued by Popular Capital Trust II, payable on July 1, 2015 to holders of record as of June 15, 2015.

Popular, Inc. Declares Monthly Cash Dividends on Preferred Stock and Trust Preferred Securities, Payable on June 1, 2015

Popular, Inc. announced that it has declared a monthly cash dividend of $0.1328125 per share of 6.375% Non-cumulative Monthly Income Preferred Stock, 2003 Series A and cash dividend of $0.171875 per share of 8.250% Non-cumulative Monthly Income Preferred Stock, Series B, payable on June 1, 2015 to holders of record as of May 15, 2015. The Corporation also announced the monthly distribution of $0.1395833 per security of 6.700% Cumulative Monthly Income Trust Preferred Securities issued by Popular Capital Trust I, and monthly distribution of $0.127604 per security of 6.125% Cumulative Monthly Income Trust Preferred Securities issued by Popular Capital Trust II, payable on June 1, 2015 to holders of record as of May 15, 2015.

Popular, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Reports Net Charge-Offs for the First Quarter Ended March 31, 2015; Provides Tax Rate Guidance for the Full Year of 2015

Popular, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported net interest income of $343,195,000 compared to $351,171,000 a year ago. Total interest income was $390,074,000 compared to $418,959,000 a year ago. Net interest income after provision for loan losses was $303,160,000 compared to $271,335,000 a year ago. Income from continuing operations before income tax was $106,053,000 compared to $89,768,000 a year ago. Income from continuing operations was $73,486,000 or $0.71 per basic and diluted share compared to $66,504,000 or $0.64 per basic and diluted share a year ago. Net income applicable o common stock was $73,895,000 or $0.72 per basic and diluted share compared to $85,478,000 or $0.83 loss per basic and diluted share a year ago. Adjusted income from continuing operations before income tax was $125,757,000 compared to $89,275,000 a year ago. Adjusted income from continuing operations was $90,293,000 compared to $76,803,000 a year ago. Adjusted net income was $90,293,000 compared to $76,803,000 a year ago. Return on average common equity was 7.02% compared to 7.39% a year ago. Return on average assets was 0.90% compared to 0.97% a year ago. Tangible common book value per common share (non-GAAP) was $36.33 as on March 31, 2015 against $38.71 as on March 31, 2014. On an adjusted basis, net interest income for the first quarter was $343 million, down $2 million from the fourth quarter as the benefit of one month's worth of income from Doral assets was offset by lower covered loan balances and lower day count. Net charge-offs, excluding write-downs/(recoveries), totaled $35.9 million, or an annualized 0.72% of average non-covered loans held-in-portfolio in the first quarter ended March 31, 2015, compared to $50.2 million, or 1.04%, in the fourth quarter of 2014. The decrease of $14.3 million was primarily driven by a decline of $15.8 million in the BPPR segment, mainly lower commercial NCOs. The company provided tax rate guidance for the full year of 2015. The company expects full year tax rate to approximate this quarter's 28%.

Popular Seeks Acquisitions

Carlos Vazquez, Executive Vice President and Chief Financial Officer Popular, Inc. (NasdaqGS:BPOP) said, "We will continue to pursue this opportunistic asset acquisition strategy if attractive transactions become available."

 

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BPOP

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Valuation BPOP Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 2.7x
Price/Book 0.7x
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful
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